KSB Pumps Announces Schedule for Managing Unpaid Rights Through CDS

Karachi: KSB Pumps Company Limited has released a detailed schedule for the handling of unpaid rights through the Central Depository System (CDS), effective from July 4, 2024.

The company outlined that the book closure dates for these rights are set from July 4 to July 10, 2024, with a rights ratio of 134.09091%. The rights for KSB Pumps, symbolized as ‘KSB Pumps Company Limited – LoR CKSBPR’, and with ISIN PK0023503011, will be managed in collaboration with Habib Metropolitan Bank Limited, which will handle physical applications across all branches. Additionally, guidelines for online payments are provided to facilitate easier transactions.

According to information available from the Pakistan Stock Exchange (PSX), the timeline for these unpaid rights includes several critical dates: Trading of unpaid rights will commence on the stock exchange on July 18, 2024. The schedule also marks July 18 as the last date for initiating withdrawal requests and July 30 as the last day to initiate deposit requests. Trading will continue until August 8, with the last day for initiating pledge requests and for the movement of securities set for August 12. The subscription request and payment deadline is slated for August 16, which is also the final day for pledge release and calls. The tentative date for the credit of shares against paid rights is scheduled for September 5, 2024.

This comprehensive schedule has been circulated through the CDS Notice Management System and aims to ensure all stakeholders are prepared for the upcoming financial activities. For any further inquiries, KSB Pumps has encouraged shareholders to contact their customer support services.